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The US dollar index rose to a 2021 high of about 95.07 on November 11, 2021, driven by hot US inflation and expectations of Fed rate hikes. The baht weakened to about 32.9 per dollar.
A stronger dollar raises the local-currency cost of dollar-priced grain and oilseed imports, which can soften import demand and weigh on US export prices. Its effect is broad rather than tied to one commodity.
kaohooninternational.comNov 11, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
